Politicians across the political spectrum tend to agree that education is a worthwhile investment. Bryan Caplan disagrees: he believes that while education pays off for individuals (though not for everyone), it’s a terrible investment for society at large.

His rationale is that education pays for individuals because it signals intelligence…


The prompt for this post is the disagreement between FB & Google and Australian news publishers, but I have wanted to write about this topic for a while now. There are two things I want to look at. First, the proposed law itself. …


It has become fashionable lately to bash Milton Friedman’s doctrine, the essay that argued the sole objective of a business ought to be to maximise shareholder profit; publications ranging from the clickbaity Business Insider to august defenders of the neoliberal world order such as the FT have published opinion pieces…


The desirability of listening to expert advice has been debated a lot recently, first with Brexit, then with COVID. I think it’s worth trying to understand when one should listen to the experts, and when not. TL;DR:

When to trust / question / reject expert opinion

First, I think expert opinion can be classified into three different buckets:

  • policy…


by V. Daskalakis

I hadn’t been planning to return so early to the boarding house tonight — quite the opposite. As I was meeting an acquaintance from America, who passing through Paris, I was planning to have dinner with him, and then he would want, of course, to visit one…


The little island north of Lesbos, between Petra and Molyvos, is bare and deserted. It doesn’t have a name, and the fishermen who work on those seas simply call it ‘the island’. It does not have a single tree, only a few bushes. Three miles out, the mountains of Lesbos…


Talking about cultures is difficult: a culture has many facets, so where to begin analysing it? A good start would be breaking down a culture into eight dimensions as identified by Erin Meyer in her book The Culture Map.

Meyer (a professor at INSEAD) is a good, methodical writer, and…


Sixth and final post in my management series. This one does not really offer actionable insights or tools you can use; I am writing this to respond to questions I was asked by readers of the previous posts.

In particular, I want to focus on the following questions:

  • To what…

Post 5 in the management series. In this post I will discuss the basics of financial modelling, and share rudimentary models for Monte Carlo simulations and sensitivity analyses. Finally, I will give a brief introduction to regression analysis.

Introduction to financial modelling

The purpose of a model is to help you make business decisions…


Post 4 in the series on management.

In the previous two posts in the series I showed how to decompose revenue growth into its constituent parts (volume, mix, and pricing), and how companies determine what prices to set for their products and services. In this post I will discuss how…

Aris Catsambas

I work at Monzo. Ex Google, P&G

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